4 Jun 2020

Ransomware

Don’t Let Your Organization’s Data Get Taken Hostage by Ransomware

Ransomware is big business for cyber criminals. It is estimated ransomware costs will reach $20 billion by 2021 (Cybersecurity Ventures). One of the most noteworthy ransomware attacks came in 2017, when the NotPetya attack cost FedEx $300 million. With companies paying an average of $1.2 million per incident (Kaspersky), network and data security is becoming a top priority in many organizations.

Ransomware is a type of malicious software, usually disguised as a legitimate email attachment. Once a user opens or downloads the file, information on their hard drive is encrypted and inaccessible until they or their organization pay the ‘ransom’ to free the data. Hackers use ransomware to hold governments, financial institutions and other businesses hostage.

Author: abdul jabbar
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